IHS Markit will work with other financial firms to support legislative and regulatory efforts for blockchain technology.

IHS Markit Ltd. (Nasdaq: INFO), a provider of information, analytics, and financial markets data, today announced that it has joined the Chamber of Digital Commerce to promote acceptance and use of blockchain (DLT) technology.

As a Chamber member, IHS Markit will work with other member firms to support legislative and regulatory efforts for DLT in financial markets. IHS Markit brings expertise on the complex requirements of OTC derivatives, trade confirmation and lifecycle management, data governance and technology infrastructure to the Chamber.

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“The deep industry expertise that IHS Markit offers will be key in furthering the Chamber’s advocacy and education initiatives and securing the future of distributed ledger technology,” said Perianne Boring, founder and president of the Chamber of Digital Commerce. “We are thrilled to welcome IHS Markit to the Chamber’s membership.”

“We see opportunities to use DLT to help our clients reduce operational risk and cost, use collateral more efficiently and fundamentally change the risk profile of complex financial products,” said Jeff Billingham, vice president at IHS Markit. “We are pleased to support the Chamber in advocating for policies that help realize these goals while fostering higher levels of trust in global financial infrastructure through technology innovation.”